Well that's all well and good but it hasn't trebled last year - it lost more than half it's value - and has continued to crash. That being said I still think bitcoin is in its infancy so it could achieve this doubling or trebling over the next few years but I am sceptical.

Well that's all well and good but it hasn't trebled last year - it lost more than half it's value - and has continued to crash. That being said I still think bitcoin is in its infancy so it could achieve this doubling or trebling over the next few years but I am sceptical.

price will continue to be volatile. ie 400% up in 2016, then -50% down in 2017, but could still average 200% a year.

Half a million btc? You do realize there's only ever going to be 21 million total? 10k is probably far fetched but remember bitcoin was 1k with practically zero adoption. Imagine what would happen if we get mass adoption and it is used frequently all around the world? Then 10k wouldn't be so ridiculous in my opinion.

so you're saying Bitcoin will be worth $2 in 5 years... amazes me how many skeptics hang out here. The value of Bitcoin is going to collapse 99% but you want to talk about Bitcoin and post... don't get it.

Yeah - total FUD. It doesn't matter what BTC holders think it should be valued at, it only matters what price people are willing to pay at the point of purchase. Taking a guess there is only around 1 million BTC holders WORLDWIDE. Adding in current thoughts from the general population on BTC as a currency I would say you would be very lucky to have $1000 BTC in 5 years, which means you would need 1000 BTC to be a millionaire.

so you're saying Bitcoin will be worth $2 in 5 years... amazes me how many skeptics hang out here. The value of Bitcoin is going to collapse 99% but you want to talk about Bitcoin and post... don't get it.

Think about how many people know about bitcoin, then how many people mine bitcoin, then how many invest in bitcoin. The numbers are very small. Bitcoin is being ruined because its being abused by the Chinese. Why am I here? The concept is brilliant. The execution by the users is poor.

Bitcoin had potential. I've used bitcoin to exchange for goods with other bitcoiners, I do not support big companies who use bitcoin as a liquid item to dump for fiat. These people ruin BTC. They don't care what the BTC is worth, they only care about how fast it can be changed over to cash. Imagine you woke up tomorrow and BTC rocketed up to $1000. The amount of dumpers will flood the market with BTC and it will fall faster than last time.

There are many skeptics and for the right reasons. I'm a skeptic but I still support the product. I'm not here for profit, I'm here to use an alternative to fiat. If I wanted to transfer $500 to a friend via the internet, it could take 3 - 5 days. Bitcoins lets me transfer an particular amount in about an hour or less depending on fees. Fees are put back into the network, not one persons pocket.

Half a million btc? You do realize there's only ever going to be 21 million total? 10k is probably far fetched but remember bitcoin was 1k with practically zero adoption. Imagine what would happen if we get mass adoption and it is used frequently all around the world? Then 10k wouldn't be so ridiculous in my opinion.

Wall Street went crazy saying Berkshire Hathaway's class A shares were overvalued when they hit $10,000 for the first time. In 2006, those Class A shares crossed over $100,000 per share. Less than 10 years later, they closed this week at nearly $225,000 per share.With adoption and being at such an early stage with BTC, I don't see $10,000 all that far fetched after the next halving (or two). Bitcoin can (has already, to a small degree) revolutionize the payment industry with countless more utility uses. If we can stave off the ADD somewhat, the value per BTC could be beyond some of the most optimistic predictions.